U.S. consumer credit bounces back in August

WASHINGTON, Oct 5 (Reuters) - U.S. consumer credit rebounded strongly in August after posting its first decline in nearly a year in July, Federal Reserve data showed on Friday.

The rebound would likely be interpreted as a short-term boon to growth, though it could bode ill for household balance sheets if it is not accompanied by a rise in real wages, which have been stagnant.